Danske Bank A S Purchases New Stake in CoStar Group, Inc. $CSGP

Danske Bank A S bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 174,139 shares of the technology company’s stock, valued at approximately $4,932,000.

A number of other large investors also recently modified their holdings of the business. Reflection Asset Management bought a new stake in shares of CoStar Group in the 4th quarter worth approximately $27,000. Lloyd Advisory Services LLC. bought a new position in CoStar Group during the 4th quarter worth $29,000. DV Equities LLC bought a new position in CoStar Group during the 4th quarter worth $40,000. IFP Advisors Inc increased its position in CoStar Group by 329.4% in the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after buying an additional 471 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in CoStar Group by 25,650.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after buying an additional 513 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $32.26 on Friday. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $91.89. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $29.96 and a 200-day moving average of $36.71. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 169.80, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business had revenue of $925.00 million for the quarter, compared to the consensus estimate of $928.81 million. During the same period in the previous year, the firm earned $0.17 EPS. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Analysts forecast that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Activity at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the transaction, the chief accounting officer owned 18,822 shares in the company, valued at approximately $579,341.16. The trade was a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew C. Florance purchased 83,300 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the acquisition, the chief executive officer directly owned 1,806,165 shares of the company’s stock, valued at $53,986,271.85. This represents a 4.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CSGP shares. Stephens reduced their target price on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Wolfe Research restated an “outperform” rating and issued a $32.00 price target (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. Benchmark started coverage on CoStar Group in a report on Thursday, June 4th. They set a “buy” rating and a $45.00 price target on the stock. Wells Fargo & Company set a $26.00 price objective on CoStar Group and gave the stock an “underweight” rating in a research report on Wednesday, June 24th. Finally, BTIG Research decreased their price objective on CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $41.61.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.